TREASURY DELAYS APRIL 15th DEADLINE FOR PAYMENT OF TAXES OWED
The IRS released official guidance today that taxpayers can delay making their income tax and estimated tax payments, which would…
Accounting for indirect job costs the right way
Construction contractors, professional service firms, specialty manufacturers and other companies that work on large projects often struggle with job costing….
What are the responsibilities of an audit committee?
Before you jump headfirst into the year-end financial reporting process, review the role independent audit committees play in providing investors…
Risk assessment: A critical part of the audit process
Audit season is right around the corner for calendar-year entities. Here’s what your auditor is doing behind the scenes to…
Benchmarking financial performance
You already may have reviewed a preliminary draft of your company’s year-end financial statements. But without a frame of reference,…
Reasons why cash is king
In financial reporting, investors and business owners tend to focus on four key metrics: 1) revenue, 2) net income, 3)…
Internal audit 2.0: Paperless and continuous auditing trends
Technology is altering the traditional approach to internal audits. Instead of reviewing reams of paperwork, today’s auditor is learning to…
Management letters: Have you implemented any changes?
Audited financial statements come with a special bonus: a “management letter” that recommends ways to improve your business. That’s free…
Third Quarter Industry Newsletters
Quarterly collection of current topics, news alerts and industry updates. Auto Dealerships Newsletter - September 26, 2019 Business Valuation…
Year-End Strategies to Reduce AGI
Reducing your current-year adjusted gross income (AGI) is usually a tax-smart idea. Here are ten ways to reduce your AGI…